Domestic Economy

Iran Exports to EU Rise 5% as Imports Decrease 21%

The main destination for Iranian products during the period was Italy with exports exceeding €1.77 billion, while with €1.22 billion Germany was the biggest importer to Iran
Iran Exports to EU Rise 5% as Imports Decrease 21%Iran Exports to EU Rise 5% as Imports Decrease 21%
Trade with Croatia, Hungary and Latvia saw the highest increase while the sharpest declines were with Cyprus, Bulgaria and Portugal

Iran’s trade with 28 member states of the European Union during the first seven months of 2018 amounted to more than €10.2 billion, indicating a 7.95% decrease compared with last year’s corresponding period.
Iran’s top five trade partners over the period were Italy, France, Spain, Germany and Greece with more than €2.55 billion, €1.6 billion, €1.52 billion, €1.39 billion and €976.3 million worth of exchanges respectively.
Trade with Croatia (€62.84 million), Hungary (€75.13 million) Latvia (€6.19 million), Spain (€1.52 billion) and Greece (€976.3 million) saw the highest increase of 1,779%, 237.04%, 196.03%, 60.36% and 24.64% respectively. 
Iran’s sharpest trade decline was recorded with Cyprus (66.99%), Bulgaria (62.5%), Portugal (62.38%), the Netherlands (45.32%) and Malta (41.03%). 


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